Caisse DE Depot ET Placement DU Quebec Purchases Shares of 285,800 Broadstone Net Lease, Inc. $BNL

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 285,800 shares of the company’s stock, valued at approximately $4,870,000.

Several other hedge funds also recently modified their holdings of BNL. Tower Research Capital LLC TRC grew its holdings in shares of Broadstone Net Lease by 192.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company’s stock valued at $46,000 after acquiring an additional 1,918 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Broadstone Net Lease in the 4th quarter valued at about $54,000. Quarry LP bought a new position in shares of Broadstone Net Lease in the 4th quarter valued at about $57,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Broadstone Net Lease in the 1st quarter valued at about $115,000. Finally, KBC Group NV grew its holdings in shares of Broadstone Net Lease by 15.1% in the 1st quarter. KBC Group NV now owns 9,094 shares of the company’s stock valued at $155,000 after acquiring an additional 1,193 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 2nd. Truist Financial raised their price objective on Broadstone Net Lease from $17.00 to $18.00 and gave the company a “hold” rating in a report on Monday, May 5th. Wall Street Zen cut Broadstone Net Lease from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. UBS Group raised their price objective on Broadstone Net Lease from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Wolfe Research upgraded Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.43.

Broadstone Net Lease Stock Performance

Broadstone Net Lease stock opened at $18.41 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.15. The stock has a market capitalization of $3.48 billion, a P/E ratio of 35.41 and a beta of 1.00. The stock has a 50-day simple moving average of $16.51 and a 200 day simple moving average of $16.29.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Broadstone Net Lease’s payout ratio is currently 223.08%.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.